After Flowplayer acquisition, Wowza Video debut, Flowplayer builds on market expansion and product expansion
Wowza, the world's leading VOD platform, announced today three new executive hires. This announcement comes amid significant growth and product innovation. Wowza's recent growth investment capitalizes on its pioneering deployable engine technology and more than 50% compounded cloud annual revenue (ARR). The addition of Mark Lockwood (CTO), Matt Thompson (Vice President of Marketing) and Michael Phillippi (CTO) are just a few of the many changes. This follows Wowza's early 2022 hiring of Erin Sawyer (CFO).
Wowza's technology, sales, and marketing executives were chosen based on their extensive executive experience in scaling, commercializing, and building cloud-based, developer-focused technologies. Wowza's high availability video platform is now trusted by technology teams and developers at discerning institutions such as NASA and SONY, Facebook and Jewelry TV.
Vantage Market Research has found that the global live streaming market is increasing at almost 25%, and will surpass $4 billion within the next few years. Since its inception in 2007, Wowza has been a leader in live streaming innovation. Wowza has been a leader in live streaming innovation since its founding in 2007. Clearhaven Partners ("Clearhaven") is a Boston-based private equity firm that focuses on software investment. Since its initial investment in 2021, Clearhaven has supported Wowza with continued product and company investments.
"Wowza is an innovator and pioneer in the field of video. We believe innovation can be defined in many ways. Not only technology, but also the operational excellence that serves our customers and markets," stated Dave Stubenvoll (CEO and Co-Founder of Wowza). "I am thrilled to welcome Mark, Matt, and Erin to our leadership team, as well as Erin who joined earlier in the year. Wowza's commitment to innovation and growth, as well as the high standards of excellence in everything we do, is evident in the talent and experience of its expanded team.
Phillippi, who has more than 25 years' experience in SaaS and infrastructure tech leadership, joins Wowza to become CTO. As Wowza's CRO, he will be responsible for the sales, marketing, and customer success divisions. He has previously been CTO at Canto and VP Technology at Lyxt, Inc. As Wowza's CFO, Sawyer has more than 15 years experience in strategic finance and accounting. He previously worked as a senior financial officer at Emburse Vertafore, Lexis Nexis, and Vertafore. Thompson joins Wowza as VP Marketing and will be responsible for demand generation and marketing strategy.
Michelle Noon, co-founder and managing partner at Clearhaven Partners, stated that "Wowza's and Clearhaven's have been strong partners since our initial investment of 2021." We are excited to continue supporting Wowza through technology investments, acquisitions, and the addition these outstanding executives to our existing leadership team. Our shared goals align on Wowza’s continued innovation and profitable growth.
Visit wowza.com to learn more about Wowza. Visit wowza.com/careers to learn more about career opportunities at Wowza.
Wowza is a trusted partner in reliable and scalable video solutions. Wowza has been implementing video solutions for more than 35,000 clients worldwide over the past 15 years. This includes a variety of markets including media, government, aerospace and healthcare. Wowza's video-on-demand and live streaming solutions address the most difficult aspects of video. They provide reliable, secure experiences that businesses can rely on from a SOC2 compliant provider. Visit wowza.com to learn more about how Wowza can be a partner that scales with you and your solution.
Clearhaven Partners, a Boston-based private equity company that focuses exclusively on technology and software investments, is located in Boston. Clearhaven was established by an investor-operators team in order to support differentiated, growing companies with at least $20,000,000 in recurring revenue. Clearhaven's partnership approach and value creation playbook bring together over 50 years of operating and software investment experience. This allows portfolio companies to scale profitably. Visit us at http://www.URL. Businesswire.com: URL